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News about Mortgages:
Former Club Owner Sentenced in Scam: Man to Pay Millions for Mortgage ... - Washington PostThe former owner of a group of Washington area nightclubs and restaurants was sentenced yesterday to nearly six years in prison for orchestrating a mortgage fraud scheme that investigators said was one of the largest ever prosecuted in Northern ...
Agencies must control costs - Albany Democrat-HeraldAt the risk of making your eyes glaze over, we should take passing note of the budget news from Salem last week. The news was this: Because of the slowing in the economy, state revenues are not expected to rise as much as had been expected. The ...
Week in Review - Thursday, Sep 4 - Delaware OnlineDOVER — An ascension to the crown can be one thing, but Delaware State University learned that living as the champion poses a challenge all its own. "I will keep taxes low and cut them where I can. My opponent will raise them. I will cut government ...
Rebuilding a nation - Mail & Guardian OnlineThe map will replace this text. If any users do not have Flash Player 8 (or above), they'll see this message. With $53-billion in foreign direct investment and with oil revenues estimated to increase to $20-billion by 2010, Angola's economic growth ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
That sinking feeling - Delaware OnlineFrom the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...
Cape-Fort Myers foreclosures rate highest in the nation - Naples Daily NewsThe Cape Coral-Fort Myers area had the highest rate of foreclosures in the nation in January, a mortgage research firm said. Charlie Green, the Lee County Clerk of Courts isn’t surprised by the new distinction. Green is having to request an ...

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Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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